Archer Aviation Stock Takes Off On Plans To Launch First Commercial Electric Air Taxi Flights In Abu Dhabi: Retail Turns Bullish
Shares of Archer Aviation Inc (ACHR), which specializes in electric vertical takeoff and landing (eVTOL) aircraft, rose nearly 5% on Friday morning. The rally follows the firm’s agreement with cross-industry stakeholders to launch the first commercial electric air taxi flights in Abu Dhabi and establish the first manufacturer of vertical electric vehicles in the Middle East and North Africa (MENA) region.